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ColumnThe Weekly Closeout: Big 5 Sporting Goods sold, NRF goes up against New York
The retailer was acquired by Worldwide Golf and Capitol Hill Group. Meanwhile, the National Retail Federation took aim at New York's new law requiring algorithmic pricing disclosures.
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Permission granted by Nike
Nike names 21-year veteran Aaron Cain CEO of Converse
Jared Carver is leaving the role after just two years, but will stay on for a transition period through the end of the month.
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Courtesy of Levi Strauss & Co.
Levi’s ups guidance despite tariff impact
The brand is leaning on partnerships with Beyoncé, Shaboozey and Nike as it works to boost its direct-to-consumer channel worldwide.
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Courtesy of Rack Room Shoes
Rack Room Shoes names chiefs of digital, merchandise
The retailer promoted from within, naming Brian Burnett chief merchandise officer and placing Molly Hartney in the new role of chief digital officer.
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Courtesy of Dick's Sporting Goods
Deep DiveWhy Dick’s Foot Locker acquisition is a big bet on Nike
Foot Locker took a big hit when Nike started pulling away from wholesale partners. But if the brand makes a comeback — and gets product innovation firing again — Foot Locker’s fortunes could change.
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valentinrussanov via Getty Images
US consumers adjust spending in response to tariffs
Behavior shifts are happening in real time as shoppers feel economic stress caused by levies, according to a Savanta report.
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Mario Tama / Staff via Getty Images
Luxury shoppers turn to TikTok for product discovery
Users are scrolling the social media giant to find product reviews, creator videos and other content that influence their purchases.
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Joe Raedle via Getty Images
De minimis exemption slated to end in 2027
Commercial use of the trade tool allowing low-cost imports to avoid duties will be repealed as part of an expansive bill the president signed on Friday.
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Kaarin Moore/Retail Dive
Another Saks Global stores exec is out
John Antonini leaves after more than 25 years at Saks Fifth Avenue and just a few months into a newly created position centered on store growth.
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Dan Kitwood via Getty Images
These social media platforms are beating out Google for product discovery, reviews
While many shoppers still use the search giant, a PartnerCentric survey found some are instead turning to Reddit, TikTok and others.
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Daphne Howland/Retail Dive
S&P Global Ratings downgrades Saks, warns latest financing deal is ‘tantamount to a default’
Saks Global emphasized that there’s no default related to its new agreement with bondholders, calling the rating updates “common and expected with transactions like these.”
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Kaarin Vembar/Retail Dive
Ulta Beauty breaks into the UK with Space NK acquisition
The deal adds 83 stores to its portfolio and gives the beauty powerhouse a strong foothold in the U.K. market.
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Kaarin Vembar/Retail Dive
Dollar Tree completes $1B sale of Family Dollar
The discount retailer sold the banner to private equity firms more than a decade after acquiring it for about $8.5 billion.
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payphoto via Getty Images
Q&ASmall business isn’t quitting checks
The paper check will persist for decades for small companies, despite the growth of digital payments, BillGO’s CEO predicts.
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AndreyPopov via Getty Images
Retail accelerates investments in generative AI
The industry is also one of the leaders of AI agent and multiagent system adoption, according to a Capgemini report.
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Permission granted by Champs
As Champs reimagines stores, mall convenience meets e-commerce perks
The sports retailer’s new store concept uses technology for an experience that blends its digital and physical channels.
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Andrew Harnik via Getty Images
Trump rolls out reciprocal tariffs for Japan, South Korea, others
The U.S. detailed the rates it will impose on imports from certain countries starting Aug. 1 in identical letters shared by the president Monday.
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Daphne Howland/Retail Dive
Lululemon increasing markdowns at ‘alarming rates’ as momentum fades
In a research note, Jefferies analysts called out inconsistent pricing for identical items and the consequences of attempts to lure younger shoppers.
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Courtesy of Eastside Golf
Eastside Golf opens first store
The brand launched the store at the Detroit Metropolitan Airport in partnership with Paradies Lagardère, which operates travel retail and the PGA Tour stores.
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Mario Tama via Getty Images
The retail inventory method vs. cost accounting in the tariff era
Wild swings in margin estimates under RIM calculations led Walmart executives to pull their profit guidance in May.
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Courtesy of Amazon
Online summer sales expected to be the equivalent of ‘two Black Fridays’
Events including Amazon Prime Day are expected to boost digital sales as price-conscious consumers seek discounts, per Adobe.
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Joe Raedle via Getty Images
Stores remain dominant, even as digital, AI shopping grows
Physical retail is still the most popular channel to shop, but as AI tools become more prevalent, retailers will need to rethink in-person offerings, EY’s Jon Copestake says.
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Al Drago via Getty Images
US preps for August return of country-specific reciprocal tariffs
The Trump administration plans to reinstate the levies Aug. 1 after alerting individual trading partners of their specific duty rates starting Monday.
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Courtesy of Hasbro
Funko CEO exits after a little over a year
In the interim, the toy company appointed Michael Lunsford, who said it has "yet to achieve the full potential of Funko."
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Daphne Howland/Retail Dive
J.C. Penney to hold down prices for back to school, holiday despite Q1 declines
Sales and profit slumps were relatively modest, a sign the department store’s merchandising and marketing efforts are paying off.
